Its official - No Sundin to Ottawa

rooneypoo wrote:

hemlock34 wrote:

PKC wrote:Lol. Sundin would have solved a whole lot of nothing in Ottawa. Guy's gonna be a bum for whatever team he goes to. I hope its the Rangers, there is no way they are getting out of the first round anyways.

Assuming they make it. Their defence hasn't been anything to write home about, and even Lundqvist has looked downright awful at times. I'm going to really enjoy watching Sather try to work his way out of some of the awful contracts he's given out over the next few years. He's still riding the coattails of success he had in Edmonton 20+ years ago.

I know we've been over this 1000 times, but, wow, I'm still baffled at the Redden deal. Seriously, what are they gonna do with that? You can't even start to think about a buyout for another 2 1/2 years...

I've thought since the day he signed it, they'll be buying him out after year 3. It's just too much for too long otherwise. Even buying out 3 years really hurts their cap situation.

That deal is mind boggling. Did Sather not see Redden get run out of Ottawa on a rail? 6 x $6.5 is beyond ridiculous, when we wouldn't even do 1 x $6.5.

rooneypoo wrote:

hemlock34 wrote:

PKC wrote:Lol. Sundin would have solved a whole lot of nothing in Ottawa. Guy's gonna be a bum for whatever team he goes to. I hope its the Rangers, there is no way they are getting out of the first round anyways.

Assuming they make it. Their defence hasn't been anything to write home about, and even Lundqvist has looked downright awful at times. I'm going to really enjoy watching Sather try to work his way out of some of the awful contracts he's given out over the next few years. He's still riding the coattails of success he had in Edmonton 20+ years ago.

I know we've been over this 1000 times, but, wow, I'm still baffled at the Redden deal. Seriously, what are they gonna do with that? You can't even start to think about a buyout for another 2 1/2 years...

IF they buy him out after this year:
Let's see ... 2/3 of the remaining $32.5M = almost $22M
Spread that over twice the remainder of the contract, that means ten years (!)
So the hit is $2.2M for each of the next ten years?
Talk about handcuffs...

Acrobat wrote:

IF they buy him out after this year:
Let's see ... 2/3 of the remaining $32.5M = almost $22M
Spread that over twice the remainder of the contract, that means ten years (!)
So the hit is $2.2M for each of the next ten years?
Talk about handcuffs...

Yea, I know, ridonkulous.

What they did with Rissmiller, too, was just shameful. Sign a guy, and then waive and demote him 1 month later, without giving him any real playing time to establish himself one way or the other? Wow.

While I like a couple of their off-season moves (snagging Zherdev on the cheap, for instance), the organization has, on the whole, acted in a manner only a bit less gong-show-esque than TB.

Acrobat wrote:

rooneypoo wrote:

hemlock34 wrote:

PKC wrote:Lol. Sundin would have solved a whole lot of nothing in Ottawa. Guy's gonna be a bum for whatever team he goes to. I hope its the Rangers, there is no way they are getting out of the first round anyways.

Assuming they make it. Their defence hasn't been anything to write home about, and even Lundqvist has looked downright awful at times. I'm going to really enjoy watching Sather try to work his way out of some of the awful contracts he's given out over the next few years. He's still riding the coattails of success he had in Edmonton 20+ years ago.

I know we've been over this 1000 times, but, wow, I'm still baffled at the Redden deal. Seriously, what are they gonna do with that? You can't even start to think about a buyout for another 2 1/2 years...

IF they buy him out after this year:
Let's see ... 2/3 of the remaining $32.5M = almost $22M
Spread that over twice the remainder of the contract, that means ten years (!)
So the hit is $2.2M for each of the next ten years?
Talk about handcuffs...

The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Crap - I was thinking NTC, not NMC.

Well, boys and girls...our expression for the day is f***ed up.
Also known as "signed a Wade", or "Reddened".

Look for it in the next version of Websters...

hemlock34 wrote:The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Not when his contract goes for 5 more years after this one.

asq2 wrote:

hemlock34 wrote:The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Not when his contract goes for 5 more years after this one.

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

hemlock34 wrote:

asq2 wrote:

hemlock34 wrote:The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Not when his contract goes for 5 more years after this one.

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

I believe it's only the one year.

EDIT: Wait, here's what I thought. You get him for $3.75 million the first year, but then afterwards it reverts back to $6.5 million.

Please correct me if I'm wrong.

hemlock34 wrote:

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

Half the amount of the remaining contract.

If Redden isn't a $3.75 mil defenceman today, imagine what he'll look like 3 years from now.

rooneypoo wrote:

hemlock34 wrote:

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

Half the amount of the remaining contract.

If Redden isn't a $3.75 mil defenceman today, imagine what he'll look like 3 years from now.

Thanks for the clarification. I can't imagine what he'll be like in 3 years. I can laugh about it when I try though. Still, he may have a taker if it's $3.75 per, for the duration of his contract. Like I said, Ron Hainsey makes more than that. Unfortunately for the Rangers it's irrelevant since he has a NMC. Forget the term, or the salary, that might be the worse part of this contract.

asq2 wrote:

hemlock34 wrote:

asq2 wrote:

hemlock34 wrote:The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Not when his contract goes for 5 more years after this one.

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

I believe it's only the one year.

EDIT: Wait, here's what I thought. You get him for $3.75 million the first year, but then afterwards it reverts back to $6.5 million.

Please correct me if I'm wrong.

You know, now that I look this over again in section 13, I can't find anything that says explicitly that when you claim a guy off of re-entry waivers, you are claiming half of his salary / cap hit for the duration of his contract. I pretty sure about it, tho', and Chip McCleary (the guy who runs NHLSCAP.com, and who is employed by the NHL to basically know everything there is to know about the CBA and the cap) seems to reaffirm that on his site.

http://www.nhlscap.com/waivers.htm

asq2 wrote:

hemlock34 wrote:

asq2 wrote:

hemlock34 wrote:The handcuffed part is the NMC. If he didn't have that, he'd at least be able to be waived. He would almost certainly be claimed on re-entry waivers for $3.75 million. That's cheaper than Ron Hainsey, and Redden isn't THAT bad defensively.

Not when his contract goes for 5 more years after this one.

Assuming he's waived after this season yeah. Personally, I think he is there for 3.

I wonder though, would the team who picked him up off of re-rentires be responsible for only half for the entire length of the contract, or just the year in which he is claimed?

I believe it's only the one year.

EDIT: Wait, here's what I thought. You get him for $3.75 million the first year, but then afterwards it reverts back to $6.5 million.

Please correct me if I'm wrong.

I seem to recall that the half only applies to the current year, and then it reverts to the full contract (as mentioned on CBC/HNIC). Either way, what are the odds that he would stay with the claiming team for more than a year or two? Thus the cycle would renew itself anyhow...

[thus begs the question: If a player is waived, and then you claim him on the way up, thus are paying only 50%, then you waive him, only to have him claimed by a third team, is the third team on the hook for 25%, or 33% (all split evenly), or is the second team off the hook completely, and the third team on the hook for 50%?]

Can't wait for this Sundin saga to be over... just announce it already! Sundin to the Rangers. Let's go.

I am curious to see how the Rangers will fit him in...